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RARE OPPORTUNITY IN PORT ORANGE- MUST MAKE AN APPOINTMENT TO VIEW! This is your chance to own a truly unique 0. 56-acre industrial-zoned property located in the highly desirable Port Orange School District. High and dry during the last hurricane’s , this lot features 150 feet of road frontage along Herbert Street, with a strong daily traffic count of approximately 7, 100 vehicles. With NO HOA or deed restrictions and two separate lots—one measuring 0. 25 acres & the other 0. 31 acres—combined for a generous total of 0. 56 acres, offering endless possibilities! A fully renovated 2-bedroom 2-bath home sits on the property, offering 1, 016sqft of living space and being sold fully furnished . Renovated in 2023-2024, updates include a brand-new roof, HVAC, plumbing, electrical, windows, doors, flooring, cabinetry, fresh paint inside and out & so much more. Whether you’re looking to make it your personal home, a rental property or use it as an office space, it’s ready to go. Along with its impeccable interior, enjoy your own private oasis in the back with a paver-maxed out patio that provides a secluded backyard retreat complete with a portable hot tub—perfect for relaxation or entertaining. An oversized 10x40 storage shed offers an additional 400 sqft of workshop, office or storage space. The location is incredibly convenient – tucked away just off Ridgewood Ave (US-1), with quick access to the Halifax River, Daytona Beach, the airport, and major highways leading to Jacksonville, St. Augustine, Tampa, and Orlando. Permitted uses for this industrial-zoned lot include mini-warehouses, vehicle/boat storage and repair, commercial or industrial services, construction contractor yards, business services, taxidermy, transportation services, and more. Whether you’re looking to build, expand, or live where you work, this property offers the flexibility and location to make your vision a reality. For a full list of permitted uses, check out this link: https: //library. municode. com/fl/port_orange/codes/land_development_code?nodeId=LADECO_CH17ZODIRE_S23COINCIDI
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RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $479,200 | $479,200 | $479,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.108% | 7.063% | 6.152% |
Monthly Tax Payment | $164 | $164 | $164 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,029 | $3,148 | $4,011 |
Total Monthly Payment | $3,285 | $3,404 | $4,267 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.